In this overview, you can find all jargon, terms, topics, and news that we think our audience might be interested in or could use when navigating the tail spend management industry.
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Some numbers: 2000 employees, 3 television channels, 5 radio stations
Elia is very committed to a clear structure of the buyingchannels and focusses on internal communication about how to use those channels
From office supplies, IT peripherals, print, services to big events. None of these tail-spend purchases has anything to do with your core business. But they’re vital for your team to be able to do their jobs. And that’s where it stings. Because although these purchases aren’t the mos timportant, they cost large companies a great deal of time and money. The so called tail spend purchases.
With Spot Buy Center we can access all products and services in Belgium and beyond. This way GBfoods can focus on the strategic relationships!
Managing the big, core areas of spend is the easy part. The numbers are larger and the savings are usually quickly won and impressive.
Tail spend will eventually turn sour on you. Your Accounts Payable team is committed to doing unnecessary work. You let economies of scale pass you by. And you never get your purchase-to-pay processes completely digitalised. In short? You’re wasting time and money.
SPIE Belgium, a subsidiary of the SPIE Group, is an integrator of solutions and services in the fields of electrical, mechanical and HVAC engineering, energy and communication networks.
The software was created and developed entirely in-house, because no existing software could meet the specific tail spend needs.
Why optimise your supply chain financing and how to get your smallest supplier on an extended payment term via Spot Buy Center
The conclusion is that stakeholder involvement and adoption of the new tool and processes is key to unleash the potential of your tail spend.
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It’s been ten years of hard work. We went - and continue to go - the extra mile. Anything to take the worries off our clients’ shoulders.
Spot Buy Center as your best vendor, replacing thousands! Think about how difficult it is to engage, track and pay your tail spend vendors.
Contact us and get a demo that will change the way you see tail spend management.contact us